American Funds Tax-Exempt Preservation Portfolio (TEPAX)
The investment seeks current income that is exempt from regular federal income tax, consistent with preservation of capital. The fund invests in a mix of American Funds fixed income funds. It will principally invest in funds that seek current income through investments in bonds or in other fixed income instruments. The underlying funds may hold securities issued and guaranteed by the U.S. government, securities issued by federal agencies and instrumentalities and securities backed by mortgages or other assets.
Fund Info
US02630Y1091
02630Y109
May 17, 2012
$250
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds Tax-Exempt Preservation Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds Tax-Exempt Preservation Portfolio had a return of 2.28% year-to-date (YTD) and 4.68% in the last 12 months. Over the past 10 years, American Funds Tax-Exempt Preservation Portfolio had an annualized return of 1.32%, while the S&P 500 had an annualized return of 11.13%, indicating that American Funds Tax-Exempt Preservation Portfolio did not perform as well as the benchmark.
TEPAX
2.28%
-0.12%
2.56%
4.68%
0.95%
1.32%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of TEPAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.02% | 0.08% | -0.04% | -0.64% | 0.00% | 0.92% | 0.94% | 0.79% | 0.73% | -0.84% | 2.28% | ||
| 2023 | 1.59% | -1.55% | 1.42% | -0.15% | -0.80% | 0.36% | 0.29% | -0.36% | -1.33% | -0.23% | 3.11% | 1.30% | 3.63% |
| 2022 | -1.75% | -0.26% | -1.79% | -1.39% | 0.81% | -0.44% | 1.25% | -1.25% | -1.70% | -0.08% | 2.06% | 0.18% | -4.36% |
| 2021 | 0.35% | -0.73% | 0.16% | 0.36% | 0.06% | 0.05% | 0.25% | -0.15% | -0.45% | -0.15% | 0.14% | 0.09% | -0.03% |
| 2020 | 0.90% | 0.61% | -1.69% | -0.48% | 2.27% | 0.40% | 0.90% | -0.12% | -0.03% | -0.11% | 0.58% | 0.28% | 3.52% |
| 2019 | 0.62% | 0.27% | 0.72% | 0.05% | 0.79% | 0.42% | 0.42% | 0.41% | -0.59% | 0.11% | -0.09% | 0.02% | 3.18% |
| 2018 | -0.31% | -0.08% | 0.03% | -0.37% | 0.55% | 0.25% | 0.15% | 0.17% | -0.38% | -0.27% | 0.57% | 0.62% | 0.91% |
| 2017 | 0.44% | 0.46% | 0.19% | 0.49% | 0.66% | -0.17% | 0.34% | 0.53% | -0.27% | 0.04% | -0.60% | 0.29% | 2.43% |
| 2016 | 0.83% | 0.17% | 0.08% | 0.38% | 0.09% | 0.98% | 0.08% | 0.06% | -0.42% | -0.52% | -2.46% | 0.59% | -0.19% |
| 2015 | 1.24% | -0.61% | 0.09% | -0.31% | -0.29% | -0.11% | 0.52% | 0.08% | 0.40% | 0.42% | -0.02% | 0.36% | 1.77% |
| 2014 | 1.33% | 0.81% | -0.37% | 0.82% | 0.94% | -0.01% | 0.12% | 0.70% | 0.00% | 0.41% | 0.09% | 0.04% | 5.00% |
| 2013 | 0.37% | 0.58% | -0.19% | 0.59% | -0.86% | -2.20% | -0.18% | -0.90% | 1.35% | 0.75% | -0.41% | 0.07% | -1.07% |
Expense Ratio
TEPAX features an expense ratio of 0.34%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TEPAX is 76, placing it in the top 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds Tax-Exempt Preservation Portfolio provided a 2.24% dividend yield over the last twelve months, with an annual payout of $0.22 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.19 | $0.11 | $0.09 | $0.15 | $0.18 | $0.17 | $0.17 | $0.22 | $0.23 | $0.25 | $0.25 |
Dividend yield | 2.24% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.73% | 1.79% | 2.23% | 2.36% | 2.53% | 2.60% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Tax-Exempt Preservation Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.18 | |
| 2023 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.03 | $0.09 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.15 |
| 2019 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2016 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2015 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.05 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Tax-Exempt Preservation Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Tax-Exempt Preservation Portfolio was 7.13%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.
The current American Funds Tax-Exempt Preservation Portfolio drawdown is 0.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.13% | Feb 16, 2021 | 428 | Oct 25, 2022 | 444 | Aug 2, 2024 | 872 |
| -6.47% | Mar 10, 2020 | 9 | Mar 20, 2020 | 69 | Jun 29, 2020 | 78 |
| -4.48% | May 6, 2013 | 86 | Sep 5, 2013 | 154 | Apr 16, 2014 | 240 |
| -3.73% | Jul 7, 2016 | 104 | Dec 1, 2016 | 186 | Aug 29, 2017 | 290 |
| -1.62% | Feb 3, 2015 | 89 | Jun 10, 2015 | 89 | Oct 15, 2015 | 178 |
Volatility
Volatility Chart
The current American Funds Tax-Exempt Preservation Portfolio volatility is 0.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.